CHERRY TODD ELECTRIC COOPERATIVE INC

EIN: 460252750

MISSION, SD

Total Revenue
$17,394,255
Total Expenses
$17,394,255
Total Assets
$58,728,388
Net Assets
$18,567,885
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
SD
Principal Officer
TIMONTY W GRABLANDER
Phone
6058564416
Tax Period
2025-01-01 to 2025-12-31

CHERRY TODD ELECTRIC COOPERATIVE INC, founded in 1948, is a mid-sized nonprofit that reported $17.4M in total revenue in fiscal year 2025.

Mission

THE PURPOSE IS TO DISTRIBUTE ELECTRICITY TO MEMBERS IN A SAFE, RELIABLE, COST EFFECTIVE MANNER.

Program Service Accomplishments

Program 1

CHERRY-TODD ELECTRIC COOPERATIVE, INC. IS A MEMBER OWNED COOPERATIVE. THE PURPOSE IS TO SELL AND DISTRIBUTE ELECTRICITY TO ITS MEMBERS. ANY MARGINS WILL BE RETURNED TO THE MEMBERS AT A TIME...

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CHERRY-TODD ELECTRIC COOPERATIVE, INC. IS A MEMBER OWNED COOPERATIVE. THE PURPOSE IS TO SELL AND DISTRIBUTE ELECTRICITY TO ITS MEMBERS. ANY MARGINS WILL BE RETURNED TO THE MEMBERS AT A TIME DETERMINED BY THE BOARD OF DIRECTORS. DURING 2025, APPROXIMATELY 3,496 MEMBERS WERE SERVED OVER 2,415 MILES OF LINE. THE COOPERATIVE ADDED 5.21 MILES AND REMOVED 1.65 MILES OF ELECTRIC LINE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $17,037,434
Investment Income $392,877
Other Revenue $-36,056
TOTAL REVENUE $17,394,255

Expense Breakdown

Grants Paid $0
Salaries & Benefits $949,041
Fundraising Expenses $0
Other Expenses $15,861,835
TOTAL EXPENSES $17,394,255

Year-over-Year Comparison

2025 2024 Change
Revenue $17,394,255 $16,578,803 +0.0%
Expenses $17,394,255 $16,578,803 +0.0%
Net Income $0 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
23
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$426,201
Total Directors
9
$45,100
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAWN BORDEAUX PRESIDENT 0.50
Officer Director
$6,050 $0 $6,050
JUSTIN BRICKNER VICE PRESIDENT 0.50
Officer Director
$9,075 $0 $9,075
JERRY FULLERTON SECRETARY 0.50
Officer Director
$9,625 $0 $9,625
WHITNEY MEEK TREASURER 0.50
Officer Director
$3,850 $0 $3,850
NOAH TUCKER DIRECTOR 0.50
Director
$4,400 $0 $4,400
DAN VALBURG DIRECTOR 0.50
Director
$2,750 $0 $2,750
AMANDA ANTOINE DIRECTOR UNTIL SEP 0.50
Director
$3,575 $0 $3,575
RONALD FREDERICK DIRECTOR AT LARGE 0.50
Director
$4,950 $0 $4,950
SHAKIRA RATTLING LEAF DIRECTOR AS OF SEP 0.50
Director
$825 $0 $825
TIMOTHY GRABLANDER GENERAL MANAGER / CEO 40.00
Officer
$251,166 $146,435 $397,601
KOLBY KROGMAN CREW CHIEF 40.00
Highest
$127,750 $63,832 $191,582
MARK IYOTTE LINE SUPERINTENDENT 40.00
Highest
$120,825 $77,478 $198,303
CHRISTOPHER RAHN MEMBER SERVICES 40.00
Highest
$116,627 $78,705 $195,332
TANNER LOLLEY LINEMAN 40.00
Highest
$114,660 $54,245 $168,905
DAVID PIPER CREW CHIEF 40.00
Highest
$113,322 $68,236 $181,558
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $17,394,255 $17,394,255 $58,728,388 No data
2024 $16,578,803 $16,578,803 $55,550,836 No data
2023 $15,423,391 $15,423,391 $52,123,938 No data
2022 $16,018,537 $16,018,537 $52,520,658 No data
2021 $14,401,814 $14,401,813 $51,647,261 $1
2020 $15,012,776 $15,012,776 $52,743,880 No data
2019 $15,176,929 $15,176,929 $53,567,636 No data
2018 $15,651,906 $15,651,906 $49,180,297 No data
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